[三季报]招港B(201872):2023年第三季度报告(英文)

时间:2023年10月26日 09:06:46 中财网

原标题:招港B:2023年第三季度报告(英文)

China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are factual, accurate and complete and free of any misrepresentations, misleading statements or material omissions.


Important Notes:

1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and
senior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents of
this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or material
omissions therein.
2. Xu Song, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer, and Hu
Shaode, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this
Report are factual, accurate and complete.
3. Indicate by tick mark whether the financial statements herein have been audited by an independent auditor.
□Yes √ No
4. Securities Times, China Securities Journal, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn have been designated by the Company for information disclosure. And all information about
the Company shall be subject to what’s disclosed on the aforesaid media. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes ? No
Reason for retrospective restatements: Change to accounting policies The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K.
[2022] No. 31) on 30 November 2022, which stipulates that the “accounting treatments for deferred income taxes
associated with assets and liabilities arising from a single transaction to which the initial recognition exemption
does not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations
of the Ministry of Finance, the Company has adopted Interpretation No. 16 for the Accounting Standards for
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

 Q3 2023Q3 2022 YoY change (%)Q1-Q3 2023Q1-Q3 2022YoY change (%) 
  Before RestatedRestated     
      BeforeRestatedRestated
Operating revenue (RMB)3,960,045,863.713,971,339,655.243,971,339,655.24-0.28%11,755,307,434.7012,121,802,022.4312,121,802,022.43-3.02%
Net profit attributable to the listed company’s shareholders (RMB)1,246,983,201.06771,042,670.19765,278,732.3962.94%3,149,317,960.492,752,903,994.812,753,839,690.2214.36%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)1,201,169,655.63738,503,229.51732,739,291.7163.93%3,002,563,028.782,659,052,475.112,659,988,170.5212.88%
Net cash generated from operating activities (RMB)3,889,840,857.635,003,761,178.495,003,761,178.49-22.26%
Basic earnings per share (RMB/share)0.500.310.3161.29%1.261.101.1014.55%
Diluted earnings per share (RMB/share)0.500.310.3161.29%1.261.101.1014.55%
Weighted average return on equity (%)2.18%1.85%1.84%0.34%5.64%6.72%6.71%-1.07%
 30 September 202331 December 2022 Change (%)    
  BeforeRestatedRestated    
Total assets (RMB)199,187,448,792.81197,525,530,887.76197,587,102,447.310.81%    
Equity attributable to the listed company’s shareholders58,182,989,856.7454,267,143,304.0254,291,425,886.657.17%    
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

(RMB)    
The total share capital at the end of the last trading session before the disclosure of this Report:

Total share capital at the end of the last trading session before the disclosure of this Report (share)2,499,074,661
Fully diluted earnings per share based on the latest total share capital above:
Dividend of preference shares paidNo preference shares
Fully diluted earnings per share based on the latest total share capital above (RMB/share)1.2602
(II) Exceptional Gains and Losses
Unit: RMB

ItemQ3 2023Q1-Q3 2023Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)953,166.56-5,745,491.27-
Government subsidies charged to current profit or loss (exclusive of government subsidies continually given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards)127,549,332.32174,188,829.81-
Capital occupation charges on non-financial enterprises that are charged to current profit or loss61,492,100.83175,464,443.59-
Gain or loss on fair-value changes in held-for-trading financial assets and liabilities & income from disposal of held-for-trading financial assets and liabilities and available-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business)-76,285,744.4666,751,559.22-
Reversed portions of impairment allowances for receivables which are tested individually for650,755.833,022,646.38-
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

impairment   
Non-operating income and expense other than the above-13,668,762.9319,835,260.65-
Less: Income tax effects15,449,184.5580,525,241.38-
Non-controlling interests effects (net of tax)39,428,118.17206,237,075.29-
Total45,813,545.43146,754,931.71--
Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable
No such cases.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Financial Statement Line Items and Their Explanation Unit: RMB

Balance sheet items30 September 20231 January 2023Change (%)Explanation of changes
Held-for-trading financial assets5,607,462,945.212,998,781,599.6386.99%Mainly due to increased structured deposits
Notes receivable268,022,727.8136,395,000.00636.43%Mainly due to increased bank acceptance notes
Accounts receivable2,263,629,022.701,276,149,689.4477.38%Mainly due to impacts of the payment collection periods
Receivables financing-163,766,913.10-100.00%Mainly due to impacts of discounted bank acceptance notes and payment collection upon maturity
Non-current assets due within one year14,145,401.03902,225,293.93-98.43%Mainly due to decreased long-term receivables due within one year
Long-term receivables3,795,517,028.215,661,327,499.07-32.96%Mainly due to recovery of shareholder loan from associate
Other non-current financial assets884,234,000.661,745,740,896.41-49.35%Mainly due to impacts of the shift of the interest in Antong
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

    Holdings to the equity method for measurement
Short-term borrowings11,501,292,731.657,164,338,366.1860.54%Mainly due to increased borrowings
Accounts payable511,030,253.93811,149,397.66-37.00%Mainly due to impacts of the settlement of current payables
Non-current liabilities due within one year7,628,993,359.9811,641,223,688.95-34.47%Mainly due to decreased borrowings due within one year
Long-term borrowings16,522,302,754.0712,390,099,177.8533.35%Mainly due to increased long-term borrowings
Income statement itemsQ1-Q3 2023Q1-Q3 2022Change (%)Explanation of changes
Other income198,189,876.87139,351,673.3742.22%Mainly due to receipt of container throughput subsidy by subsidiary
Gains from changes in fair value66,751,559.22-57,567,049.93215.95%Mainly due to increased gains from changes in the fair value of held-for-trading financial assets
Cash flow statement itemsQ1-Q3 2023Q1-Q3 2022Change (%)Explanation of changes
Receipts of tax refunds53,168,698.78237,739,341.38-77.64%Mainly due to decreased receipts of tax refunds
Cash receipts from disposals and recovery of investments19,747,976,106.5533,052,462,359.27-40.25%Mainly due to decreased principals of structured deposits that were received
Other cash receipts relating to investing activities3,174,261,589.34224,624,056.641313.14%Mainly due to recovery of shareholder loan
Cash payments to acquire investments22,362,654,969.5045,313,874,275.47-50.65%Mainly due to decreased principals of structured deposits that were purchased
Other cash payments relating to investing activities8,285,621.75974,451,295.13-99.15%Tax was paid on land preparation income in the same period of last year, with no such payment in the current period
Cash receipts from borrowings24,267,718,711.3844,074,925,890.91-44.94%Mainly due to decreased super-short-term commercial papers that were issued
Other cash payments relating to financing951,492,124.48694,660,848.0636.97%Payment was made for the acquisition of minority
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

activities   interests in subsidiary in the current period
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders
Unit: share

Number of ordinary shareholders29,741 (18,667 A-shareholders, 11,074 B-shareholders)Number of preferred shareholders with resumed voting rights (if any)0  
Top 10 shareholders     
Name of shareholderNature of shareholderSharehold ing percentag eTotal shares heldRestricted shares heldShares in pledge or frozen
CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITEDForeign legal person45.96%1,148,648,64800
ZHEJIANG PROVINCIAL SEAPORT INVESTMENT & OPERATION GROUP CO., LTD.State-owned legal person23.08%576,709,537576,709,5370
CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD.State-owned legal person14.84%370,878,00000
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)Funds, wealth management products, etc.2.59%64,850,18200
BROADFORD GLOBAL LIMITEDState-owned legal person2.21%55,314,20800
CHINA-AFRICA DEVELOPMENT FUNDState-owned legal person1.69%42,190,15100
HONG KONG SECURITIES CLEARING COMPANY LTD.Foreign legal person0.25%6,141,1010Unknown
CHINA LIFE INSURANCE COMPANY LIMITED-TRADITION- GENERAL INSURANCE PRODUCTS-005L- CT001 HUFunds, wealth management products, etc.0.20%5,034,0220Unknown
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

BASIC ENDOWMENT INSURANCE FUND 1006 PORTFOLIOFunds, wealth management products, etc.0.12%3,095,8000Unknown
CHINA MERCHANTS SECURITIES (HK) CO., LTD.Foreign legal person0.11%2,669,9750Unknown
Top 10 unrestricted shareholders     
Name of shareholderUnrestricted ordinary shares heldShares by type   
  TypeShares  
CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITED1,148,648,648RMB ordinary share1,148,648,648  
CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD.370,878,000RMB ordinary share370,878,000  
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)64,850,182RMB ordinary share64,850,182  
BROADFORD GLOBAL LIMITED55,314,208Domestically listed foreign share55,314,208  
CHINA-AFRICA DEVELOPMENT FUND42,190,151RMB ordinary share42,190,151  
HONG KONG SECURITIES CLEARING COMPANY LTD.6,141,101RMB ordinary share6,141,101  
CHINA LIFE INSURANCE COMPANY LIMITED-TRADITION- GENERAL INSURANCE PRODUCTS-005L- CT001 HU5,034,022RMB ordinary share5,034,022  
BASIC ENDOWMENT INSURANCE FUND 1006 PORTFOLIO3,095,800RMB ordinary share3,095,800  
CHINA MERCHANTS SECURITIES (HK) CO., LTD.2,669,975Domestically listed foreign share2,669,975  
MAI SHUQING2,119,047RMB ordinary share2,119,047  
Related or acting-in-concert parties among the shareholders aboveBroadford Global Limited is the controlling shareholder of China Merchants Port Investment Development Company Limited and China Merchants Gangtong Development (Shenzhen) Co., Ltd. The Company    
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

 does not know whether the other unrestricted shareholders are related parties or not.
Top 10 shareholders engaged in securities margin trading (if any)At the end of the Reporting Period, the shareholder of the Company, Mai Shuqing held 2,119,047 shares through the customer credit transaction secured securities account in China Merchants Securities Co., Ltd.
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary
shareholders of the Company conducted any promissory repo during the Reporting Period. □ Yes √ No
No such cases in the Reporting Period.
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
III Other Significant Events
□ Applicable √ Not applicable
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

Item30 September 20231 January 2023
Current assets:  
Cash and bank balances14,421,004,936.7713,615,928,739.40
Settlement reserve  
Interbank loans granted  
Held-for-trading financial assets5,607,462,945.212,998,781,599.63
Derivative financial assets  
Notes receivable268,022,727.8136,395,000.00
Accounts receivable2,263,629,022.701,276,149,689.44
Receivables financing 163,766,913.10
Prepayments68,184,872.6663,627,425.42
Premiums receivable  
Reinsurance receivables  
Receivable reinsurance contract reserve  
Other receivables1,069,054,613.42948,842,094.30
Including: Interest receivable  
Dividend receivable397,545,783.05416,040,485.62
Financial assets purchased under resale agreements  
Inventories221,293,573.08225,122,821.48
Contract assets  
Assets held for sale225,218,577.31 
Non-current assets due within one year14,145,401.03902,225,293.93
Other current assets148,105,914.11185,903,140.53
Total current assets24,306,122,584.1020,416,742,717.23
Non-current assets:  
Loans and advances to customers  
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

Investments in debt obligations  
Investments in other debt obligations  
Long-term receivables3,795,517,028.215,661,327,499.07
Long-term equity investments96,401,622,855.2892,364,293,919.05
Investments in other equity instruments154,256,180.28171,945,275.02
Other non-current financial assets884,234,000.661,745,740,896.41
Investment properties5,003,467,169.305,123,690,119.56
Fixed assets29,016,986,190.9432,033,326,083.50
Construction in progress2,554,235,735.062,413,844,407.64
Productive living assets  
Oil and gas assets  
Right-of-use assets9,679,420,976.999,342,642,222.33
Intangible assets18,224,912,796.8719,277,065,115.61
Development expenditure42,696,979.1317,412,196.16
Goodwill6,492,536,457.536,411,426,891.09
Long-term prepaid expenses986,783,450.71986,356,904.90
Deferred tax assets431,044,017.37434,498,820.95
Other non-current assets1,213,612,370.381,186,789,378.79
Total non-current assets174,881,326,208.71177,170,359,730.08
Total assets199,187,448,792.81197,587,102,447.31
Current liabilities:  
Short-term borrowings11,501,292,731.657,164,338,366.18
Borrowings from the central bank  
Interbank loans obtained  
Held-for-trading financial liabilities  
Derivative financial liabilities  
Notes payable65,626,934.99 
Accounts payable511,030,253.93811,149,397.66
Receipts in advance41,515,676.479,886,531.59
Contract liabilities157,513,879.74141,899,551.03
Financial assets sold under repurchase agreements  
Customer deposits and interbank deposits  
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

Payables for acting trading of securities  
Payables for underwriting of securities  
Employee benefits payable814,586,955.69936,834,718.13
Taxes payable1,038,337,112.17917,933,169.09
Other payables2,078,957,201.711,755,885,258.26
Including: Interest payable  
Dividends payable527,975,180.0792,374,921.29
Handling charges and commissions payable  
Reinsurance payables  
Liabilities directly associated with assets held for sale87,061,233.59 
Non-current liabilities due within one year7,628,993,359.9811,641,223,688.95
Other current liabilities2,413,410,616.823,161,147,525.96
Total current liabilities26,338,325,956.7426,540,298,206.85
Non-current liabilities:  
Insurance contract reserve  
Long-term borrowings16,522,302,754.0712,390,099,177.85
Bonds payable14,428,631,877.0919,088,293,099.02
Including: Preferred shares  
Perpetual bonds  
Lease liabilities1,128,191,211.64948,350,914.04
Long-term payables3,832,887,208.343,551,315,590.31
Long-term employee benefits payable613,635,105.00639,095,931.43
Provisions48,292,293.1635,365,156.43
Deferred income1,025,541,910.141,031,273,189.74
Deferred tax liabilities4,585,085,276.204,855,019,835.33
Other non-current liabilities158,828,076.59186,383,117.00
Total non-current liabilities42,343,395,712.2342,725,196,011.15
Total liabilities68,681,721,668.9769,265,494,218.00
Shareholders' equity:  
Share capital2,499,074,661.002,499,074,661.00
Other equity instruments  
Including: Preferred shares  
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

Perpetual bonds  
Capital reserve36,384,013,255.8334,751,640,835.25
Less: Treasury stock  
Other comprehensive income-476,340,456.18-689,553,619.86
Special reserve47,602,282.7626,358,259.97
Surplus reserves1,001,917,449.151,001,917,449.15
General reserve  
Unappropriated profit18,726,722,664.1816,701,988,301.14
Total shareholders' equity attributable to shareholders of the parent58,182,989,856.7454,291,425,886.65
Minority interests72,322,737,267.1074,030,182,342.66
Total shareholders' equity130,505,727,123.84128,321,608,229.31
Total liabilities and shareholders' equity199,187,448,792.81197,587,102,447.31
Legal Representative: Xu Song
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Hu Shaode

China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023

ItemQ1~Q3 2023Q1~Q3 2022
1. Operating income11,755,307,434.7012,121,802,022.43
Including: Operating income11,755,307,434.7012,121,802,022.43
Interest income  
Premium income  
Handling charge and commission income  
2. Costs and expenses9,779,572,277.8110,501,686,642.56
Including: Operating costs6,791,358,487.086,972,365,667.76
Interest expense  
Handling charge and commission expense  
Surrenders  
Net claims paid  
Net amount provided as policy reserve  
Expenditure on policy dividends  
Reinsurance premium expense  
Taxes and surcharges220,492,182.67215,022,537.23
Selling expense  
Administrative expenses1,216,242,310.861,224,631,704.76
Research and development expenses159,294,326.98177,094,589.39
Finance expenses1,392,184,970.221,912,572,143.42
Including: Interest expense1,656,923,837.501,677,735,954.67
Interest income395,605,388.12375,671,992.19
Add: Other income198,189,876.87139,351,673.37
Investment income (Loss is marked with "-")5,271,674,585.506,075,167,195.89
Including: Income from investments in associates and joint ventures4,954,944,249.395,900,543,166.75
Income from the derecognition of financial assets at amortized cost (Loss is marked with "-")  
Foreign exchange gain (Loss is marked with "-")  
Net gain on exposure hedges (Loss is marked with "-")  
Gains from changes in fair value66,751,559.22-57,567,049.93
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2023 (未完)
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